unallowable
Dryer sheet aficionado
- Joined
- Jul 1, 2008
- Messages
- 39
Decided to introduce myself. Have been reading here for about 6 months and love this forum. Had been in need of "talking" about ER and hard to find willing participants. I am 56, widowed female with one grown and married son. Currently have retired from state government but still working in same position. Florida offers a 5 yr. deferred retirement program (DROP) where the COLA pension accumulates in a fixed account (6.5% interest). At the end of 5 years (3.3 years to go for me) a nice lump sum will have accumulated (I would be 59 then). There is nothing to prevent me from continuing to work beyond that point if the state and I still want each other.
Other financial info: Have 3 older rental properties - mortgage free - this income is extra and nice but may not be dependable over the long term. I can always sell them but not with RE price drop. Other than the COLA pension and DROP, I have about 200K in savings/stocks. I want to live on my pension, rental income and income producing hobbies (hopefully ) and use the savings to travel the world until I am too old, sick, tired or satisfied. Have a live-in SO who is 5 years younger and will probably still work after I retire (not counting on anything here). Have very little debt (could pay all off with leave payout if retired right now). House and 3.5 acres (approx 250K equity after deducting 100K mortgage). I don't forsee selling my house, want to leave it to my son someday.
SS would kick in at 62 so I think should be OK to retire at 59. The problem is I have a burning desire to quit now and begin to live. I am a cancer survivor and don't want to die still working. Sorry this is so long but thought it was time to "join up".
Other financial info: Have 3 older rental properties - mortgage free - this income is extra and nice but may not be dependable over the long term. I can always sell them but not with RE price drop. Other than the COLA pension and DROP, I have about 200K in savings/stocks. I want to live on my pension, rental income and income producing hobbies (hopefully ) and use the savings to travel the world until I am too old, sick, tired or satisfied. Have a live-in SO who is 5 years younger and will probably still work after I retire (not counting on anything here). Have very little debt (could pay all off with leave payout if retired right now). House and 3.5 acres (approx 250K equity after deducting 100K mortgage). I don't forsee selling my house, want to leave it to my son someday.
SS would kick in at 62 so I think should be OK to retire at 59. The problem is I have a burning desire to quit now and begin to live. I am a cancer survivor and don't want to die still working. Sorry this is so long but thought it was time to "join up".